SOL Level Technical Analysis

The current SOL cycle shows a W-bottom reversal pattern. After the price stabilized at the low of 78.77, a standard double bottom structure was formed, and the neckline has been effectively broken through, indicating a clear short-term bullish trend.

From the moving average system, short-term averages like MA5 and MA10 have already turned upward, and the price is above all moving averages, forming a bullish alignment with strong support. The MACD indicator also shows a bullish crossover, with the red histogram continuously expanding, indicating sufficient momentum and confirming the continuation of the rebound.

In terms of trading strategy, after breaking the neckline, go long with the trend. The first target above is 85, and after breaking that, the strong resistance level is around 87.2. The current price is near 83.69, in the retracement confirmation stage after the breakout, making it a good opportunity to go long in line with the trend.

Overall, the short-term bullish pattern is solid, with volume and indicators resonating. The upward space is clear. It is recommended to buy on dips supported by the neckline, with a strict stop loss below 78.77, and target the 85-87.2 range.